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Abbey Capital Futures Strategy Fund (The “Fund”) a Series of the RBB Fund, Inc Abbey Capital Futures Strategy Fund (the “Fund”) a series of The RBB Fund, Inc. (the “Company”) Class I Shares (Ticker: ABYIX) Class A Shares (Ticker: ABYAX) Class C Shares (Ticker: ABYCX) Class T Shares (Not Currently Available for Sale) Supplement dated May 14, 2021 to the Fund’s Summary Prospectus, Prospectus and Statement of Additional Information (“SAI”), each dated December 31, 2020 THIS SUPPLEMENT CONTAINS NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN THE SUMMARY PROSPECTUS, PROSPECTUS AND SAI AND SHOULD BE READ IN CONJUNCTION WITH THE SUMMARY PROSPECTUS, PROSPECTUS AND SAI. The Board of Directors of the Company approved the following change to the Fund: Effective as of the close of business on May 13, 2021, GAM Systematic LLP (“GAM Systematic”) no longer serves as a trading adviser to the Fund. Accordingly, as of that date all references to GAM Systematic in the Fund’s Summary Prospectus, Prospectus and Statement of Additional Information are hereby deleted in their entirety. Please retain this Supplement for future reference. ABBEY CAPITAL FUTURES STRATEGY FUND of THE RBB FUND, INC. CLASS I SHARES (TICKER: ABYIX) CLASS A SHARES (TICKER: ABYAX) CLASS C SHARES (TICKER: ABYCX) CLASS T SHARES (Not Currently Available for Sale) PROSPECTUS December 31, 2020 Investment Adviser: ABBEY CAPITAL LIMITED 1-2 Cavendish Row Dublin 1, Ireland Beginning on January 1, 2021, as permitted by regulations adopted by the U.S. Securities and Exchange Commission (the “SEC”), paper copies of the Fund’s annual and semi-annual shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports. Instead, the reports will be made available on a website and you will be notified by mail each time a report is posted and provided with a website link to access the report. If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from the Fund electronically anytime by contacting your financial intermediary (such as a broker-dealer or a bank) or, if you are a direct investor, by calling 1-844-261-6484. You may elect to receive all future reports in paper free of charge. If you invest through a financial intermediary, you can contact your financial intermediary to request that you continue to receive paper copies of your shareholder reports. If you invest directly with the Fund, you can call 1-844-261-6484 to inform the Fund that you wish to continue receiving paper copies of your shareholder reports. Your election to receive reports in paper will apply to all funds held in your account if you invest through your financial intermediary or all funds held with the fund complex if you invest directly with the Fund. The SEC and the Commodity Futures Trading Commission have not approved or disapproved these securities or passed upon the adequacy of this Prospectus. Any representation to the contrary is a criminal offense. Table of Contents SUMMARY SECTION ����������������������������������������������������������������������������������������������������������������������� 1 FUND INFORMATION ..................................................................................................................... 11 More Information About Fund Investments ��������������������������������������������������������������������������� 11 More Information About Risks ������������������������������������������������������������������������������������������������� 11 Principal Risks ������������������������������������������������������������������������������������������������������������������������������ 11 Non-Principal Risks ��������������������������������������������������������������������������������������������������������������������� 17 DISCLOSURE OF PORTFOLIO HOLDINGS ������������������������������������������������������������������������������ 18 MORE INFORMATION ABOUT MANAGEMENT OF THE FUND �������������������������������������� 18 Investment Adviser ���������������������������������������������������������������������������������������������������������������������� 18 Trading Advisers �������������������������������������������������������������������������������������������������������������������������� 20 SHAREHOLDER INFORMATION ������������������������������������������������������������������������������������������������� 29 Pricing of Fund Shares ���������������������������������������������������������������������������������������������������������������� 29 Sales Charges ��������������������������������������������������������������������������������������������������������������������������������� 30 Purchase of Fund Shares ������������������������������������������������������������������������������������������������������������� 34 Redemption of Fund Shares ������������������������������������������������������������������������������������������������������� 38 Market Timing ������������������������������������������������������������������������������������������������������������������������������ 40 Exchange Privilege ����������������������������������������������������������������������������������������������������������������������� 40 Dividends and Distributions ����������������������������������������������������������������������������������������������������� 41 More Information About Taxes ������������������������������������������������������������������������������������������������� 41 Distribution Arrangements �������������������������������������������������������������������������������������������������������� 44 Additional Information ��������������������������������������������������������������������������������������������������������������� 44 FINANCIAL HIGHLIGHTS ������������������������������������������������������������������������������������������������������������� 45 APPENDIX A ��������������������������������������������������������������������������������������������������������������������������������������� A-1 FOR MORE INFORMATION ABOUT THE FUND ������������������������������������������������������ Back Cover SUMMARY SECTION Investment Objective The investment objective of the Abbey Capital Futures Strategy Fund (the “Fund”) is to seek long-term capital appreciation. Current income is a secondary objective. Expenses and Fees This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund (the “Shares”). You may qualify for sales charge discounts if you invest, or agree to invest in the future, at least $25,000 in Class A Shares or at least $250,000 in Class T Shares of the Fund. More information about these and other discounts is available from your financial professional, in the section of the Prospectus entitled “Shareholder Information – Sales Charges” and in the section of the Fund’s Statement of Additional Information (“SAI”) entitled “Purchase and Redemption Information – Reducing or Eliminating the Front- End Sales Charge.” Financial intermediaries may impose different sales charge waivers for Class A Shares and Class T Shares, and these variations are described in Appendix A of the Prospectus. Additionally, you may be required to pay commissions and/or other forms of compensation to a broker for transactions in Class I Shares of the Fund, which are not reflected in the tables or the examples below. Class I Class A Class C Class T Shareholder Fees (fees paid directly from your investment) Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) None 5.75% None 2.50% Maximum Deferred Sales Charge (Load) None None(1) 1.00%(2) None Maximum Sales Charge (Load) Imposed on Reinvested Dividends None None None None Redemption Fee (as a percentage of amount redeemed, if applicable) None None None None Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Management Fees(3) 1.77% 1.77% 1.77% 1.77% Distribution and/or Service (12b-1) Fees None 0.25% 1.00% 0.25% Other Expenses 0.13% 0.13% 0.13% 0.13%(4) Total Annual Fund Operating Expenses 1.90% 2.15% 2.90% 2.15% Fee Waivers and/or Expense Reimbursements(5) -0.11% -0.11% -0.11% -0.11% Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements(5) 1.79% 2.04% 2.79% 2.04% (1) A contingent deferred sales charge (“CDSC”) of 1.00% is assessed on certain redemptions of Class A Shares made within 12 months after purchase where no initial sales charge was paid at time of purchase as part of an investment of $1,000,000 or more. (2) The CDSC applies to redemptions of Class C Shares made within 12 months of purchase and will be assessed on an amount equal to the lesser of the offering price at the time of purchase of the shares redeemed and the net asset value of the shares redeemed at the time of redemption. (3) Management Fees include advisory fees paid to both Abbey Capital Limited (the “Adviser”) and one or more trading advisers (the “Trading Advisers”). There are no performance fees charged by the Adviser or Trading Advisers either at the Fund or at the Fund’s wholly-owned Subsidiaries. (4) “Other Expenses” for Class T Shares, which had not commenced operations as of the date of this Prospectus, are estimated for the current fiscal year. 1 (5) The Adviser has contractually agreed to waive its advisory fee and/or reimburse expenses in order to limit Total Annual Fund Operating Expenses (excluding certain
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